XML 78 R21.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Quarterly Financial Data (Unaudited) | 12 Months Ended
--- | ---
May 31, 2012
Quarterly Financial Data (Unaudited) [Abstract] |
Quarterly Financial Data (Unaudited) | Note O — Quarterly Financial Data (Unaudited) In millions, except per share amounts
|  | Three Months Ended |  |  |  |
Fiscal 2012 |  | August 31 |  |  | November 30 |  |  | February 29 |  |  | May 31 |  |  | Full Year |
Service revenue |  |  | 552.0 |  |  |  | 535.0 |  |  | $ | 558.5 |  |  | $ | 540.7 |  |  | $ | 2,186.2 |
Interest on funds held for clients |  |  | 11.1 |  |  |  | 10.7 |  |  |  | 11.0 |  |  |  | 10.8 |  |  |  | 43.6 |
Total revenue |  |  | 563.1 |  |  |  | 545.7 |  |  |  | 569.5 |  |  |  | 551.5 |  |  |  | 2,229.8 |
Operating income |  |  | 229.7 |  |  |  | 217.9 |  |  |  | 210.4 |  |  |  | 195.9 |  |  |  | 853.9 |
Investment income, net |  |  | 1.5 |  |  |  | 1.5 |  |  |  | 1.6 |  |  |  | 1.8 |  |  |  | 6.4 |
Income before income taxes |  |  | 231.2 |  |  |  | 219.4 |  |  |  | 212.0 |  |  |  | 197.7 |  |  |  | 860.3 |
Income taxes |  |  | 82.3 |  |  |  | 79.0 |  |  |  | 76.6 |  |  |  | 74.4 |  |  |  | 312.3 |
Net income |  | $ | 148.9 |  |  | $ | 140.4 |  |  | $ | 135.4 |  |  | $ | 123.3 |  |  | $ | 548.0 |
Basic earnings per share (1) |  | $ | 0.41 |  |  | $ | 0.39 |  |  | $ | 0.37 |  |  | $ | 0.34 |  |  | $ | 1.51 |
Diluted earnings per share (1) |  | $ | 0.41 |  |  | $ | 0.39 |  |  | $ | 0.37 |  |  | $ | 0.34 |  |  | $ | 1.51 |
Weighted-average common shares outstanding |  |  | 362.2 |  |  |  | 362.4 |  |  |  | 362.5 |  |  |  | 362.6 |  |  |  | 362.4 |
Weighted-average common shares outstanding, assuming dilution |  |  | 362.8 |  |  |  | 362.8 |  |  |  | 363.1 |  |  |  | 363.4 |  |  |  | 363.0 |
Cash dividends per common share |  | $ | 0.31 |  |  | $ | 0.32 |  |  | $ | 0.32 |  |  | $ | 0.32 |  |  | $ | 1.27 |
Total net realized gains (2) |  | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 0.4 |  |  | $ | 0.4 |  |  | $ | 1.0 |
|  | Three Months Ended |  |  |  |
Fiscal 2011 |  | August 31 |  |  | November 30 |  |  | February 28 |  |  | May 31 |  |  | Full Year |
Service revenue |  |  | 506.2 |  |  |  | 500.0 |  |  | $ | 519.6 |  |  | $ | 510.4 |  |  | $ | 2,036.2 |
Interest on funds held for clients |  |  | 12.1 |  |  |  | 12.0 |  |  |  | 11.7 |  |  |  | 12.3 |  |  |  | 48.1 |
Total revenue |  |  | 518.3 |  |  |  | 512.0 |  |  |  | 531.3 |  |  |  | 522.7 |  |  |  | 2,084.3 |
Operating income |  |  | 200.8 |  |  |  | 203.9 |  |  |  | 198.9 |  |  |  | 182.8 |  |  |  | 786.4 |
Investment income, net |  |  | 1.4 |  |  |  | 1.5 |  |  |  | 1.5 |  |  |  | 1.4 |  |  |  | 5.8 |
Income before income taxes |  |  | 202.2 |  |  |  | 205.4 |  |  |  | 200.4 |  |  |  | 184.2 |  |  |  | 792.2 |
Income taxes |  |  | 70.3 |  |  |  | 71.5 |  |  |  | 69.8 |  |  |  | 65.3 |  |  |  | 276.9 |
Net income |  | $ | 131.9 |  |  | $ | 133.9 |  |  | $ | 130.6 |  |  | $ | 118.9 |  |  | $ | 515.3 |
Basic earnings per share (1) |  | $ | 0.36 |  |  | $ | 0.37 |  |  | $ | 0.36 |  |  | $ | 0.33 |  |  | $ | 1.42 |
Diluted earnings per share (1) |  | $ | 0.36 |  |  | $ | 0.37 |  |  | $ | 0.36 |  |  | $ | 0.33 |  |  | $ | 1.42 |
Weighted-average common shares outstanding |  |  | 361.6 |  |  |  | 361.7 |  |  |  | 361.8 |  |  |  | 362.0 |  |  |  | 361.8 |
Weighted-average common shares outstanding, assuming dilution |  |  | 362.0 |  |  |  | 362.1 |  |  |  | 362.6 |  |  |  | 363.0 |  |  |  | 362.4 |
Cash dividends per common share |  | $ | 0.31 |  |  | $ | 0.31 |  |  | $ | 0.31 |  |  | $ | 0.31 |  |  | $ | 1.24 |
Total net realized gains (2) |  | $ | 0.1 |  |  | $ | 0.2 |  |  | $ | 0.1 |  |  | $ | 0.9 |  |  | $ | 1.3 |
(1) | Each quarter is a discrete period and the sum of the four quarters’ basic and diluted earnings per share amounts may not equal the full year amount.
(2) | Total net realized gains on the combined funds held for clients and corporate investment portfolios.

X
- Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=6952194&loc=d3e1280-108306 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration